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IHS & NBC-HIS


Business Expenses and Insurance

 

While most leases are highly landlord-favorable, you may want to consider pro-actively contacting your landlord, in writing, to request rent abatement or the ability to seek a waiver to make delayed payments without “breaching” the lease or incurring penalties. Your landlord may be able to pursue an insurance claim for business interruption or position itself for relief under current or expected local, state, and/or federal programs.

You should also be reaching out to your insurance agent to understand your policy and what coverage you might have depending on decreased revenues or forced closure by law.











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